Bitcoin likely topped at 40k. The next two months to ~ 09/17 defines bitcoin bull/bear. Best senario bitcoin chopping above 35k but the risk is still there until we break above 56k. Orange pattern is optimistic and we start getting our way back to 56k. Red pattern is risky where we would find another bottom ~25k (could be double bottom 28k or could be worse to 20k). Bias towards red pattern sadly because I see SPX showing weakness either start of August or September, and could drag bitcoin/gold down with it. As a Hodler, I have not sell any bitcoin yet but may be forced to take profit if September bottom does not V shape recovery, which means end of bitcoin bull cycle and we are likely heading back to 10k.